Duke Energy Indiana filed a revised plan on Monday with the Indiana State Utility Regulatory Commission to modernize its aging electric grid that delivers power to more than 800,000 Hoosier homes, businesses and industries.
The seven-year, 1-point-83 billion dollar plan uses a combination of advanced technology and infrastructure upgrades to improve service to customers and provide them with better information about their energy use.
if the plan is approved by the I-U-R-C, customers will see a gradual rate increase averaging about 1 percent per year between 2017 and 2022.
Duke officials estimate the modernization work will generate or support more than 5,000 Indiana jobs over the seven-year period.
A decision by the I-U-R-C is anticipated by mid-2016.